Company Registration No. 9579824 (England and Wales)
M.G. ELECTRICAL AND PLUMBING LTD
Unaudited accounts
for the year ended 31 May 2023
M.G. ELECTRICAL AND PLUMBING LTD
Unaudited accounts
Contents
M.G. ELECTRICAL AND PLUMBING LTD
Company Information
for the year ended 31 May 2023
Directors
Mr Martin Gibbons
Mrs Gemma Gibbons
Company Number
9579824 (England and Wales)
Registered Office
8 Tintern Close
Kirkby-In-Ashfield
Nottingham
Nottinghamshire
NG17 7RJ
Accountants
BFS Accountants Ltd
The Willows
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ
M.G. ELECTRICAL AND PLUMBING LTD
Statement of financial position
as at 31 May 2023
Tangible assets
57,715
56,876
Cash at bank and in hand
33,139
46,563
Creditors: amounts falling due within one year
(161,284)
(260,264)
Net current assets
13,297
5,589
Total assets less current liabilities
71,012
62,465
Creditors: amounts falling due after more than one year
(37,272)
(53,956)
Provisions for liabilities
Other provisions
-
(1,250)
Called up share capital
2
2
Profit and loss account
33,738
7,257
Shareholders' funds
33,740
7,259
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by
Mr Martin Gibbons
Director
Company Registration No. 9579824
M.G. ELECTRICAL AND PLUMBING LTD
Notes to the Accounts
for the year ended 31 May 2023
M.G. ELECTRICAL AND PLUMBING LTD is a private company, limited by shares, registered in England and Wales, registration number 9579824. The registered office is 8 Tintern Close, Kirkby-In-Ashfield, Nottingham, Nottinghamshire, NG17 7RJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
10,238
79,165
89,403
At 31 May 2023
11,077
79,165
90,242
At 1 June 2022
5,926
26,601
32,527
At 31 May 2023
5,926
26,601
32,527
At 31 May 2023
5,151
52,564
57,715
At 31 May 2022
4,312
52,564
56,876
M.G. ELECTRICAL AND PLUMBING LTD
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
94,784
198,769
Amounts due from group undertakings etc.
15,590
15,590
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,000
11,000
Obligations under finance leases and hire purchase contracts
9,519
9,519
Trade creditors
12,827
47,552
Taxes and social security
103,901
124,567
Other creditors
24,037
66,960
Loans from directors
-
666
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
19,712
26,092
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).